Foliage and plants, and magnificent flowers. We will go tout Chelsea Ingram , our meteorologist, shes outside by fountains and it sounds like we will get a lot of rain. Reporter jessica, you are right, by the way we are out here by fountains, the fountain show is just getting underway, this is such a zen like place to be in, it is a wonderful feeling afternoon, but things are going ton changing here very quickly with some rain, on the way. Lets go outside now to a live look at storm scan three, we are monitoring some showers located just outside to our west, we will be pushing east here very soon heading in to places like Chester County and then they will be on their way over into philadelphia but right new we have heavy rain in southern delaware, and it is making its way in central, northern delaware at this point in time. Flash flood watch is in effect until 2 00 on saturday because we anticipate very heavy rain heading our way. Temperatures right now are checking in the 70s and 80s.
And banging their fists. Companies, sectors, data, you name it. They just dont seem to add up. And the confusion sell, sell, sell. Buy, buy, buy. Is playing havoc with both the bulls and the bears. Even on a seemingly dull day, where the dow rallied back from some deep, deep levels to close up 18 points. S p was basically flat. Nasdaq advanced 0. 27 . Lets start with the broader economy. We have so many indicators that seem to be pointing up or staying strong. Housing, employment, manufacturing, nonresidential construction, broader retail sales. But then today we get this morning, one of the weaker manufacturing reports ive seen in ages. Whats a 49. 4 pmi number. With anything below 50 meaning contraction. Heck, today, britain gave you 53 and they just went through that gutwrenching brexit election. How can manufacturing be that soft, has oil two years after its peak finally hit home . Data doesnt seem to indicate that. Some say autos are peaking, but doing so at a very high level. Thi
To tick up a few degrees all weekend under sunny skies. Moisture starts moving into the Las Vegas Area monday night. Subtropical moisture from a system off baja will spread clouds into our area. There is now a risk of some showers associated with this system. As the system moves in tuesday there will be a big drop in vegas for friday is 7 which is high. Breaking news now. Here is a look. Dawson joins us live from durango and tripicana here is a look. A crash on durango and tropicana has dozens of metro officers at that scene, which is shut down and also what appears to be a Police Escort to umc. The crash happened at 4 16. Weve seen metro motorcycle officers rushing to the scene. Along with patrol cars and an ambulance. Both sides of durango. Cc will continue shortly the proposal for an nfl team in Las Vegas Made a huge first down with an nfl team in Las Vegas Made a huge first down with the unanimous approval of a stadium plan. The citys tourism and Infrastructure Committee recommende
2. 02 . Alas, i think todays selloff is the real deal, unlike yesterdays rally which was triggered by positive Federal Reserve minutes, todays selloff was based on real weakness in the global economy, worries like ebola, and the averages are still higher than when the year began and thats looking less and less logical. As the slowdown manifests itself. [ beeping ] before it gets started on the wacky nature of a market that goes up or down 300 points on a whim, let me just say pointblank that we are indeed in a treacherous market. We live in america, our companies are doing relatively well, but the definition of treachery in a stock market terms is when the simple facts mean nothing to the sellers. When one strand of weakness can frighten investors more than all of the good strands that are out there, its pure treachery and thats whats going on right now in the field of battle. Take alcoa, right . Heres a company that delivered on every lineitem when it reported yesterday. I know this c
In this market you have to top fish. Thats the name of the game as it was once more today with the dow gaining and s p climbing and the nasdaq. I know the idea of chasing winners can be upsetting. Unfortunately, 2014 it has been all about angling from the 52week high list. And it wont stop now with just 20 fishing days until the end of the year. This hasnt always been the case. I have seen years where the cheapest rock bottoms needed to be bought. I have seen stocks get bit or activists but not in 2014. I was reminded of this fact this very morning when valet, the brazilian mining conglomerate rang the opening bell. There i was in pie position facing the nightmare of the worst stock that my Charitable Trust has bought in years. It has the highest grade iron in the world with the lowest cost of production. Right now the major Iron Ore Companies seem to be in a suicide pack to overproduce. No one has blinked. The consequences are dire and iron ore seems to hit new lows pretty much every